In this article, we will talk about Instagram Bitcoin scams, as cryptocurrency and its activities have become popular worldwide. To avoid becoming a victim of fraud in this area, we will guide you on what Instagram Bitcoin scams are and how to protect yourself and your money from them.

Common Instagram Bitcoin scams

There is no end to people complaining on Facebook about losing their money to Bitcoin pyramid schemes. As for Instagram, there is a growing market of scams promising users to get rich quickly. These scams include Get Rich Quick Bitcoin Pyramid and Cash Cow Pyramid Schemes.

1. Big wins, short timespan:

People who talk about making large returns on smaller investments or pressure to transfer money quickly are warning flags. Anyone contacting you about a “Bitcoin mentor” should be avoided.

2. Could you send me the money?

Investing funds in someone else’s digital wallet via purchasing cryptocurrency is a waste of time and money. This is similar to a request to give a loan to a stranger, without anything to guarantee a return.

3. Hostage-style scams to cryptocurrency:

Many videos on success claims made by Bitcoin are creepy videos produced by previously scammed people. Users are asked to record videos in exchange for rewards in bitcoins or fiats. Advertisement of such offers is spread on Instagram, which is senseless and untrue.

4. Changes in circumstances:

If you are asked to change the username and password of your account to the one that will send you, then the scammers are trying to get access to your profile on Instagram. In the future, fraudsters can perform unauthorized actions on your behalf, and you will not be able to influence them. So make up your passwords and logins that only you will know.

How To Protect Yourself from Instagram Scams

• Double check the URL

If any unauthorized activity or something else occurs on your Instagram account, notifications about this will not come to your app. To avoid falling victim to fraud, check the official messages on Instagram that have been sent over the past 14 days. To do this, click "Settings". But if you have doubts that your account has been compromised, go into your "Settings" and click "Login Activity".

• Find the verified blue check mark

Official Instagram and celebrity accounts are often marked with a blue tick next to the user name. If you notice that you are being contacted on behalf of some brand, but this account is not confirmed as official, then it is likely not legitimate. If you want confirmation of whether this account is official, go into their profile and select "About This Account."

• Enable two-factor authentication (2FA)

Enabling two-factor authentication means that whoever logs into your account must pass an additional checkpoint. This means that after you enter your login and password. You will receive a confirmation code as a text message or e-mail. You will need to enter this code, and then you can log in to your account. In addition, 2FA also provides fingerprint or facial verification or a question you can only answer.

• Never trust the strangers with your money

Trusting someone with money is the last thing you need to do on social networks. Don’t be fooled if you’re offered something to do, publish a post, or make a video in exchange for a cash reward. This is most likely fraud, so you can compromise yourself, give bad reviews to others, and give out your payment and confidential data for money transfers, etc.

The post “Get Rich With Bitcoin” Instagram Bitcoin Scams appeared first on Gridinsoft Blog.

Scammers again use SpaceX as a bait in fraudulent schemes. The statements of Elon Musk, CEO of the company, have been watched for a long time, and as soon as he says something about cryptocurrency, this immediately gives rise to a lot of food for fraudulent schemes. Some scammers make expensive fakes, while others make do with little. Before the story of DeepFake Elon telling how to invest in the BitVex cryptocurrency platform had died down, a low-end legend of the same type had already appeared.

This time we are talking about the fake site spacex-btc[.]org. This site pretends to be SpaceX’s dedicated platform for some kind of cryptocurrency giveaway that should help people make money by trading on cryptocurrency price fluctuations. This website may be redirected to by banner ads from apparently not the most reliable websites.

So, first of all, let’s say it: it’s a FAKE.

And don’t be fooled by the fact that this website has an SSL certificate. Do not look at HTTPS in the line, but the very name of the site: spacex-btc. Yes, and with TLD org. This site is a pure spoof because this cowboy office has no connection with the authentic SpaceX website or company.

The site has a decent design, but it’s still not stylish enough for a company like SpaceX. If you look for flaws, you can immediately notice grammatical errors in the fake quote of Musk himself and the terrible layout of the page.

There is a chat button in the corner of the window. Of course, everything connected to luring money is performed perfectly in such offices. You can probably talk to them, and they probably have a call center. But don’t let that fool you. It may seem that no one will find it profitable to create an entire call center to ensure the credibility of a single fake page. But we must remember that the companies behind such scams work with many schemes at once, giving rise to deception on an industrial scale.

These websites have only one purpose – to get money from you. In 99.99% of cases, Forex-like deals in cryptocurrency that these companies advertise are done through the mediator, so you don’t even see your purchased cryptocurrency. Then a psychological game starts: the trading can be random at best. However, in the worst cases, scammers totally control the process. They can make their victims feel lucky and lure more and more money out of them.

Don’t buy into famous faces in advertising campaigns. If you are told that Elon Musk is launching his cryptocurrency or something like that, first check in the news if this is true.

The post Beware: New SpaceX Bitcoin Giveaway Scam appeared first on Gridinsoft Blog.

The new malware is spreading all over the world: in Australia, Egypt, Germany, India, Indonesia, Japan, Malaysia, Norway, Singapore, South Africa, Spain and the USA. The exact mechanism for delivering malware to users’ machines is still unclear, but experts suspect that hacked installers of various software are used for this.

If you’re interested, check out: Malware vs. virus difference explained.

The use of cracks as a source of infection is not a new trend, for example, earlier in such campaigns, tools such as KMSPico were used to deploy malware.

The main component of BHUNT is mscrlib.exe, which extracts additional modules that run on the infected system to perform various malicious actions.

Each of these modules is designed for a specific purpose, from stealing cryptocurrencies to stealing passwords. The following modules are currently included in the BHUNT executable:

• blackjack: steals the contents of the wallet file, encrypts with base 64 and uploads to the server of criminals;
• chaos_crew: loads additional payloads;
• golden7: steals passwords from the clipboard and uploads files to the hacker’s server;
• sweet_Bonanza: steals information from browsers (Chrome, IE, Firefox, Opera, Safari);
• mrpropper: cleans up traces left in the system.

The company emphasized that the most effective way to protect against such threats is to avoid installing software from untrusted sources and install updates in a timely manner (including for security products).

Let me remind you that we also wrote that Scammers spread malware under the mask of the Brave browser.

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